Is a technique for reducing inventories to a minimum by arranging for production components to be delivered to the production facility only when it is about to be used? Flexible manufacturing

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Social Studies

Finnegan Riddle

22 November, 04:52

Is a technique for reducing inventories to a minimum by arranging for production components to be delivered to the production facility only when it is about to be used? Flexible manufacturing

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Dawson Williamson · Answer 1

Flexible manufacturing is a technique for reducing inventories to a minimum by arranging for production components to be delivered to the production facility only when it is about to be used.

Explanation:

The inventories that stay loaded with the material then become unusable for long periods of time until the material gets used up for production. The technique of flexible manufacturing can be used to keep the inventories manageable and have room left for crucial operations at any given time.